Good governance / Energy and Environment
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Spotlight issue
The corporate sustainability reporting directive became part of the government's budget consolidation package
As a surprise to everyone concerned, the current Budget Consolidation Package, to become effective for the most part as of January 2024, includes a partial implementation of the Corporate Sustainability Reporting Directive (CSRD).
CSRD requires companies to report on the impact of corporate activities on the environment and society, and requires the audit of such reported information. The Budget Consolidation Package (and the subsequent amendment 3149 by MP Havranek) proposal addresses the first phase of the CSRD obligations,
i.e. to publish the sustainability report.
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Government measures to mitigate the impact of the energy crisis on business
Last week, the Czech government introduced a series of measures to support energy consumers affected by the sharp rise in electricity and gas prices. First, it set maximum electricity and gas prices for households, sole traders and small and medium-sized companies, then approved and published a support programme for large energy consumers. Proposals for further measures can be expected once they have been discussed and approved at EU level. Below we summarise the ways of helping individual consumers that have been confirmed so far:
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Austerity tariffs for gas and electricity – what about VAT?
The austerity tariff for households that the government has prepared in response to skyrocketing energy prices will be reflected in legislation as an amendment to the Energy Act. Details on the provision of a contribution for energy payments are set out in the related government decree. Below, we are providing more detailed information on possible VAT implications.
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Stricter regulations and an increasing number of environmental litigations are contributing to a faster greening of the economy
Economy greening is one of the current society-wide issues, the importance of which has been growing rapidly in recent months and years. Changes are also coming in the area of legislation, with new regulations in a wide range of fields, from energy to agriculture and forestry to sustainable financing. Along with this, environmental litigation is on the rise, becoming another accelerator of change. Read on to find out what has happened in environmental law in recent months and what is ahead.
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